Mets Owner Steve Cohen Leaves Twitter After Receiving Threats Amid GameStop Stock Backlash
Cohen's company, Point72 Asset Management, lost money because of the stock surge
After receiving threats on social media from fans who are worried about their team being affected by the GameStop stock surge, the owner of the New York Mets has quit Twitter for the time being.
In a statement released over the weekend, Steve Cohen attributed the threats his family received to “misinformation” that was not related to his baseball team.
“I’ve really enjoyed the back and forth with Mets fans on Twitter which was unfortunately overtaken this week by misinformation unrelated to the Mets that led to our family getting personal threats,” Cohen said. “So I’m going to take a break for now. We have other ways to listen to your suggestions and remain committed to doing that. I love our team, this community, and our fans, who are the best in baseball. Bottom line is that this week’s events in no way affect our resources and drive to put a championship team on the field. #LGM!”
Though he didn’t get into specifics, Cohen likely received threats from fans who were concerned he wouldn’t be as willing to spend on the team after his hedge fund, Point72 Asset Management, lost money due to the market turmoil caused by the GameStop stock surge.
Cohen himself took to Twitter, when his account was still active, to assure fans the Mets would be fine, but his assurances apparently fell on deaf ears. Though the notion of the Mets being hamstrung by financial issues that have nothing to do with the baseball team is a familiar one due to the previous ownership group’s dealings with Bernie Madoff, it really isn’t something fans should worry about with regard to Cohen.
Cohen is worth more than $14 billion and could lose plenty of money in the market many times over before it would really have a shot at affecting New York’s payroll.
Given this situation and the events involving former general manager Jared Porter, it certainly has not been the smoothest start to Cohen’s tenure as the owner of the Mets.
He had garnered a Twitter following of nearly 200,000 before his account went dark.
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